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WAEC Commerce questions: Commerce and its scope

16 questions with answers and explanations. Tap an option to check yourself.

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All topicsAdvertising and marketing · 16Business management and environment · 15Commerce and its scope · 16Communication · 17Computers and ICT in business · 15Consumer protection · 16Documents used in trade · 18Elements of commercial law · 16Financing a business · 16Foreign trade · 19Forms of business organisation · 19Home trade: retail and wholesale · 19Insurance · 18Money and banking · 19Occupation and production · 17The stock exchange · 17Transport · 16Warehousing · 15

  1. Question 1· Commerce and its scope· WAEC

    Commerce has developed in Nigeria partly because of

    Explanation and discussion

  2. Question 2· Commerce and its scope· WAEC

    A major problem of barter is the

    Explanation and discussion

  3. Question 3· Commerce and its scope· WAEC

    Insurance removes the hindrance of

    Explanation and discussion

  4. Question 4· Commerce and its scope· WAEC

    Banking, insurance and transport are grouped in commerce as

    Explanation and discussion

  5. Question 5· Commerce and its scope· WAEC

    Barter is the

    Explanation and discussion

  6. Question 6· Commerce and its scope· WAEC

    Warehousing removes the hindrance of

    Explanation and discussion

  7. Question 7· Commerce and its scope· WAEC

    Trade is the

    Explanation and discussion

  8. Question 8· Commerce and its scope· WAEC

    Barter is difficult when the goods to be exchanged

    Explanation and discussion

  9. Question 9· Commerce and its scope· WAEC

    Commerce is made up of trade and

    Explanation and discussion

  10. Question 10· Commerce and its scope· WAEC

    Which of these hindrances to trade is removed by transport?

    Explanation and discussion

  11. Question 11· Commerce and its scope· WAEC

    Commerce bridges the gap between

    Explanation and discussion

  12. Question 12· Commerce and its scope· WAEC

    A function of commerce is to

    Explanation and discussion

  13. Question 13· Commerce and its scope· WAEC

    The branch of commerce that deals with the buying and selling of goods is

    Explanation and discussion

  14. Question 14· Commerce and its scope· WAEC

    Commerce is concerned with

    Explanation and discussion

  15. Question 15· Commerce and its scope· WAEC

    Which of these is an aid to trade?

    Explanation and discussion

  16. Question 16· Commerce and its scope· WAEC

    The problem in barter of finding someone who has what you want and wants what you have is called

    Explanation and discussion

Practise Commerce like the real exam. A timed CBT, your score, and the topics to fix.

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